May 8, 2014
Kuni Umi Asset Management (KUAM) invested 240 million yen in Miyazaki Shirin, a 5.75 MW wood-fired biomass plant in Miyazaki Prefecture, together with Yamashita Shoji. This will be KUAM’s first investment in biomass plant. Total project cost is approximately 3.5 billion yen. The plant will be constructed in Kawaminami-cho, Koyu-gun, Miyazaki Prefecture. Miyazaki Prefecture is the largest producer of lumber (Japanese cedar) in Japan.
The plant is a CFB (circulating fluidised bed) boiler, and will be manufactured by Sumitomo Heavy Industry. Commercial operation is slated to begin in April 2015. Miyazaki shinrin will produce annual electricity equal to approximately 38,000 households and sold throught the feed-in-tariff system.
Miyazai Shinrin will use approximately 70,000 ton of local wood as its fuel. The plant will own its own wood chipping facility adjacent to the power plant. In addition, it will have three teams of 15 people to collect wood residual in the forest, which has been a local problem.